Byju’s says investors don’t have voting right to remove founder from edtech group

After months of private tussle, Byju’s and some of its largest investors are now taking their fight public. Byju’s, once India’s most valuable startup, said Friday its investors do not…

Continue ReadingByju’s says investors don’t have voting right to remove founder from edtech group

Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says

Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10…

Continue ReadingReliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says

Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

Paytm said Thursday that it will cease working with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank…

Continue ReadingPaytm to terminate business with Paytm Payments Bank after central bank’s clampdown

India’s central bank slaps Paytm Payments Bank with new curbs

The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from accepting deposits, credit transactions, top-ups in customer…

Continue ReadingIndia’s central bank slaps Paytm Payments Bank with new curbs

India’s Uber-rival BluSmart pumps up EV charging with $25M investment

BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery charging infrastructure as the South Asian nation…

Continue ReadingIndia’s Uber-rival BluSmart pumps up EV charging with $25M investment